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Mortgage Professor about vacation home vs. second home: | |||||||||||||||||||||||
Second Mortgage Versus Home Equity Loan
June 9, 2003, revised August 30, 2003 "What are the differences between a second mortgage and a home equity loan?" The terminology is confusing. A second mortgage is any loan that involves a second lien on the property. Some second mortgages are for a fixed dollar ... more... Cash-out Mortgage Refinance or Home Equity Loan? Column Delivered August 21, 2000, Revised September 6, 2002 ?I need $50,000 to remodel my house. Is it better to refinance my existing mortgage (with a balance about $140,000) into a new $190,000 mortgage, or should I borrow the extra $50,000 with a home equity loan.? ... more... |
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vacation home vs. second home related definitions |
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Vacation Home
Vacation Home Vacation home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Vacation Home As Investment When market is ... more... Second Home, Vacation Home Second Home Second home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Second Home As Investment However, when market is ... more... |
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More about vacation home vs. second home 10 Top Considerations For Those Buying Property Abroad How to Get the Best Home Equity Loan For Your Credit and Qualifications A Home Equity Loan - What You Should Know? Reaping Financial Rewards Bad Credit Home Equity Loans Home Equity Loans - Are They Right For You? Home Equity Loans A Big Benefit Or A Big Mistake? Refinancing First and Second Mortgage into a Single Loan Second Home Mortgages How to Obtain a Second Mortgage Loan? The Facts About Second Mortgages
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